With losses piling up, Ford is cutting back on EV battery orders. According to sources, the move comes as Ford’s EV losses pile up, topping over $100,000 per electric car built in the first quarter.
After announcing plans to delay around $12 billion in EV spending last year, Ford has continued to push back EV initiatives, citing slower-than-expected market demand.
After cutting F-150 Lightning…
Oasys, a blockchain network focused on gaming, has partnered with SBINFT Market, an NFT platform operated by a subsidiary of the Japanese financial conglomerate SBI Group, to expand the crypto gaming sector in Japan. The collaboration will allow developers on the Oasys…
U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly…
Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem
May 16, 2024
The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the nature and extent of the cryptocurrency ecosystem in Zimbabwe. It will also evaluate the risks associated with cryptocurrencies, such as their potential…
It is time to rebalance Department of Defense resources so that our men and women in uniform can fight, if necessary, and win in an increasingly dangerous world. Given the threats posed by China, Russia, Iran, North Korea and an array of nonstate actors, the United States is…
A proposed House policy bill would slash the number of F-35 Joint Strike Fighters the Pentagon would buy in fiscal 2025 as lawmakers’ patience with the program and manufacturer Lockheed Martin wears thin.
The Pentagon’s proposed FY25 budget called for buying 68 of the…
BASCO, Philippines — A barely detectable speck appears near a beaming, late afternoon sun and then dodges behind a cloud. Soon that small speck, as it makes its slow descent, takes the form of a sleek, small unmanned aircraft.
The aircraft makes a quiet, delicate landing along the runway of a remote island airfield in the Philippines in the temporarily breezeless, scorching heat. The platform…
There are over 140 Tesla Cybertrucks for sale om the “used” market and the prices are all over the place.
As we previously reported, Tesla did its best to discourage the reselling of early Cybertrucks, but it didn’t completely stop it.
The automaker added a no-resale…
Sustainability at sea: Sunreef is integrating recycled plastic bottles into solar electric yachts
May 15, 2024
Sunreef Yachts is already a solar electric boatbuilder recognized for its sustainability efforts in the maritime industry but is now taking things a step greener. The company is now integrating recycled PET bottles into its solar electric yacht production process.
Sunreef…
Chevy Malibu production will end later this year as GM prepares to launch new EVs, including the highly anticipated new Bolt EV.
Production of the current Chevy Bolt EV, GM’s top-selling electric car, ended at the end of 2023 as the automaker prepares for its next wave of EVs.
GM CEO Mary Barra says the next-gen Chevy Bolt EV will have “an even better driving, charging, and ownership…
